Chrysler LLC revealed a $515 million first-quarter 2008 loss, despite the fact that the privately held firm isn't required to discuss earnings. So what gives? Ex-lover Daimler spilled the beans Thursday, stating that its 20% stake in Chrysler lost about $105 million in value. The Detroit News did some quick math,…

Former chairman Lee Iacocca gave a closed pep rally to Chrysler employees yesterday in Auburn Hills, once again sharing the stage with a K-car, a minivan...and rumors of Chrysler's imminent bankruptcy. While current CEO Bob Nardelli was praising Iacocca as "Chrysler's most dynamic leader" and "a great American,"…

As further evidence that Cerberus bit off far more than it expected with its purchase of Chrysler last fall, an internal memo revealed to the Free Press shows that the last few months have been even worse than Chrysler expected. In fact, June numbers are showing an industry-wide disaster looming, with total U.S.…

Cerberus Capital Management is not second-guessing its 2007 purchase of Chrysler from Daimler, and the the business is "on track," Chrysler LLC CEO Robert Nardelli said Tuesday at a Wall Street Journal press conference. Nardelli has been facing speculation that Cerberus got in over its head with the Chrysler purchase,…

Did you know that Bob Nardelli is a "car guy?" He is, baby. Of course, that didn't stop him from trotting out something that most legit car guys would rather drink used motor oil than sit through: the dreaded pie-in-the-sky biz-speak PowerPoint presentation. Post-breakfast, as a roomful of eyes slowly glazed,…

Automakers are lining up behind the new Energy Bill that's working its way through congress. They've seen the writing on the wall and, all things considered, got a fairly good deal considering the prevailing sentiment regarding car emissions and foreign oil. Chrysler CEO Robert Nardelli congratulated Congress and…

Of all the facts in a New York Times article focusing on incoming Chrysler fearless leader Robert Nardelli, there was one that caught our eye. Mr. Nardelli's first car out of high school was a 1966 Dodge Dart. As Mr. Nardelli's love for the company dates back to this car, it seems only fitting that he spearhead the…